SoundsgoodTFtalks

SoundsgoodTFtalks

Chart: QQQ daily and 15 mins As we predicted, QQQ give a shooter on daily chart, which can be interpreted as "market is struggling and choosing direction". Today, all eyes will be focus on March CPI data and FOMC mins. The inflation data due out on Wednesday will offer a signal as to whether the central bank will raise or pause interest rates in May -- one of...

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Chart: QQQ daily and 15 mins Chart: QQQ 5 mins and 15 mins pre-market sessions The stock market looked a lot weaker at the open as the main indices fell under the weight of mega cap losses. Even at session lows, though, the broader market showed nice resilience in front of several market-moving events later in the week. Namely, the March Consumer Price...

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U.S. non-farm payrolls rose 236K in March, just under the 240K expected and less than the 326K added in February (revised from +311K). Jobs growth in March was well below the average monthly gains of 344K over the past six months. While the headline number suggests that jobs growth rate is cooling, the unemployment rate, slipping to 3.5% from 3.6% in February,...

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Chart: SPX daily and 15 mins From tech side of analysis, SPX gave a hammer doji on daily chart, which kinda makes today's trade become very hard. Non-farm payroll and unemployment data will release tomorrow while market close, therefore, I don't think traders will do too much to bet the data and holding positions over weekend. Therefore, with no more important...

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February Job Openings: 9.931M vs 10.4M consensus and 10.563M (revised from 10.824M). The number, the first time it has dropped below 10M since May 2021, shows that the job market is continuing to cool. Chart: GOLD daily and 15 mins Gold extends gains passed $2,000/oz, which pushing closer to its all-time record high of ~$2,070, as the U.S. dollar and Treasury...

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The major U.S. equity averages finished Monday's trading with a mixed performance. The S&P 500 and Dow continued their recent winning streak, recording their fourth consecutive days of gains. Energy provided the most prominent source of strength, with the sector rising almost 5%. Stocks in the sector posted gains as crude prices (CL1:COM) (CO1:COM) surged more...

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Chart: AMD daily and 15 mins 102-103ish resistance level is key point for AMD on daily chart 8 EMA already catching up by time correction 15 mins trend line looks solid and can be trust for long side of trade. Remain long term bullish view about AMD. Will consider play some short trade by 15 mins time frames and if AMD drop to 88ish, will consider add more.

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Banks will dominate the headlines again next week, with the earnings and economic calendars light. The Senate Banking Committee will hold a hearing on bank failures, with the witness list including FDIC Chairman Martin Gruenberg, Federal Reserve Vice Chairman Michael Barr, and Treasury Undersecretary Nellie Liang. Chart: SPX daily and 15 mins Chart: SPX...

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Chart: SPY daily and 15 mins From the tech side of analysis, the green dot I draw on daily chart is like a trend reversal confirm. Yesterday before 11AM was good and as we expected, but 399-400ish resistance was too strong and stocks dropped after the U.S. central bank announced a quarter-point interest rate hike. Meanwhile, commentary from Fed Chair Jerome...

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Stocks pushed higher again on Tuesday, adding to gains posted the previous day, as concerns about the banking sector continued to ease. Attention now focuses on the Federal Reserve's interest rate decision, set to be announced on Wednesday. As specially mentioned yesterday, the market is choosing direction and most likely it will go up, and I don't know how you...

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Banks remained in the spotlight amid a rush of headlines. Swiss authorities helped broker a deal for UBS (UBS) to take over troubled rival Credit Suisse (CS). Meanwhile, New York Community Bancorp (NYCB) agreed to take over shuttered Signature Bank's (SBNY) deposits and some of its loans. Looking ahead to the Fed's upcoming interest rate decision, due out on...

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The financial sector and heavyweight financial stocks along with regional banks finally rebounded after their recent decline due to the collapse of Silicon Valley Bank ( NASDAQ:SIVB ) and Signature Bank ( SBNY ). In addition, Consumer inflation for February cooled as expected and bolstered expectations for a 25 basis point rate hike at the Federal Reserve's...

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The Story: On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank. The bank's stock began plummeting Thursday morning and by the...

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Chart: SPX daily and 15 mins Yesterday's trade was interesting and kinda like what we expected when we discussed during our Stream before the market opened. Fed Chair Jerome Powell back in the hot seat on Wednesday, delivered his second day of semi-annual monetary policy testimony before the House Financial Services Committee. Markets were already jolted in...

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Hawkish comments from Federal Reserve Chair Jerome Powell sparked Wall Street selling on Tuesday, as hopes further dimmed that the central bank would be able to halt its interest rate hiking in the near future. Powell's testimony reminded markets that the Fed is hell-bent on pushing inflation to its elusive 2% target rate using its primary monetary policy tool,...

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Stocks rallied Friday to close a volatile week, as U.S. Treasury yields pulled back from their recent highs and economic data helped investors look past the growing likelihood that the Federal Reserve will keep its restrictive policy in place for longer than anticipated. The yield on the benchmark 10-year Treasury settled back below 4%, shedding 11 basis points to...

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Chart: SPX daily and 30mins The SPX slid 2.61% for February to end at 3,970.15 points, final figures showed on Tuesday, closing out a turbulent month marred by hotter-than-expected inflation data and concerns over the Federal Reserve's rate hikes. Last Friday, the SPX posted its worst weekly performance since early December 2022, with Fed concerns continuing to...

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Wall Street finished Tuesday's session in the red, as a mild rebound staged the previous day failed to carry over into a second session. The Dow and S&P 500 finished with modest losses. Meanwhile, the Nasdaq slipped just below the unchanged mark in the final moments of trading after showing an advance through much of the session. Stocks are seeking direction after...